APYX Stock | | | USD 1.45 0.01 0.69% |
Apyx Medical financial indicator trend analysis is way more than just evaluating Apyx Medical prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Apyx Medical is a good investment. Please check the relationship between Apyx Medical Cash And Cash Equivalents Changes and its Change To Inventory accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Apyx Medical. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in manufacturing.
For more information on how to buy Apyx Stock please use our
How to Invest in Apyx Medical guide.
Cash And Cash Equivalents Changes vs Change To Inventory
Cash And Cash Equivalents Changes vs Change To Inventory Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Apyx Medical Cash And Cash Equivalents Changes account and
Change To Inventory. At this time, the significance of the direction appears to have weak contrarian relationship.
The correlation between Apyx Medical's Cash And Cash Equivalents Changes and Change To Inventory is -0.11. Overlapping area represents the amount of variation of Cash And Cash Equivalents Changes that can explain the historical movement of Change To Inventory in the same time period over historical financial statements of Apyx Medical, assuming nothing else is changed. The correlation between historical values of Apyx Medical's Cash And Cash Equivalents Changes and Change To Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Cash And Cash Equivalents Changes of Apyx Medical are associated (or correlated) with its Change To Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Change To Inventory has no effect on the direction of Cash And Cash Equivalents Changes i.e., Apyx Medical's Cash And Cash Equivalents Changes and Change To Inventory go up and down completely randomly.
Correlation Coefficient | -0.11 |
Relationship Direction | Negative |
Relationship Strength | Insignificant |
Cash And Cash Equivalents Changes
Change To Inventory
The increase or decrease in the amount of inventory a company has over a certain period.
Most indicators from Apyx Medical's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Apyx Medical current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Apyx Medical. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in manufacturing.
For more information on how to buy Apyx Stock please use our
How to Invest in Apyx Medical guide.At this time, Apyx Medical's
Selling General Administrative is fairly stable compared to the past year.
Discontinued Operations is likely to rise to about 88.8
M in 2024, despite the fact that
Tax Provision is likely to grow to (2.2
M).
Apyx Medical fundamental ratios Correlations
Click cells to compare fundamentals
Apyx Medical Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Apyx Medical fundamental ratios Accounts
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Additional Tools for Apyx Stock Analysis
When running Apyx Medical's price analysis, check to
measure Apyx Medical's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Apyx Medical is operating at the current time. Most of Apyx Medical's value examination focuses on studying past and present price action to
predict the probability of Apyx Medical's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Apyx Medical's price. Additionally, you may evaluate how the addition of Apyx Medical to your portfolios can decrease your overall portfolio volatility.